Newly VAT registered entities should submit the VAT returns and IC Sales and Purchase Listings on the monthly basis

VAT return are to be submitted monthly, quarterly or yearly 20th day after the reporting period in case of monthly and quarterly reporting

IC Sales and Puchase Listings to be submitted on the monhtly, quarterly basis, until the 20th day following the reporting period

Intrastat Monthly (if over HUF M170 /HUF M100 threshold), 15th day following the reporting month

Recapitulative statement (M report) Part of the VAT return

Import declaration

EKAER Immediately, before the transport starts

Reporting period. When should I report VAT?

·Tax payable: tax point

·Taxable amount or tax amount increase (debit note): tax point (self-revision)

·Taxable amount or tax amount decrease (credit note): current VAT return (when corrective invoice arrives)

·Input tax: tax point (+ must possess the invoice)

·Input tax increase: current VAT return (when corrective invoice arrives)

·Input tax decrease: current VAT return (when corrective invoice arrives)

Special rules:

Imports: tax payable is collected at entry, import input tax in the next period (except self-assessment license)

Intra-community Acquisitions: the earlier of the following

·Invoice received

·Payment made

·T month + 15 days

Intra-community supplies: the earlier of the following

·Invoice received

·Payment made

·T month + 15 days

·Tax point

Domestic reverse charge supplies and international reverse charge on the supply of goods

·Invoice received

·Payment made

·T month + 15 days

How do I report VAT?

"Classic" VAT return submission electronically by applying ANYK reporting software to compile and submit the 2465 VAT return and A60 IC Sales and Purchase Listing

e-VAT system, web based —on the HU Tax Authority's e-VAT system user interface. One can approve or modify the draft of the VAT return prepared by the HU Tax Authority

e-VAT system, the so called Machine to Machine (M2M) interface